Microsoft announces Q3 results

The results of the third quarter for Microsoft have been announced. The revenue of the company touched $20.4 billion for Q3 FY13 ended March 31, 2014. The net income of the software giant has reached $5.66 billion. The revenue generated by the Xbox consoles was reported to be around $1.97 million for the quarter and $8.19 million for the nine …

New Microsoft CEO under Pressure from Investors to Take off Xbox and Bing

Microsoft’s new CEO (with an Indian accent) Satya Nadella is under immense pressure to turn Microsoft around. According to reports from The Washington Post, two influential Microsoft shareholders have been putting pressure on the boss to scuttle the Xbox, Surface, and Bing so as to specialize in what the corporate was built on, selling software to businesses. Windows profits last year were at $9.5 billion, down from $11.6 billion in 2012 and $12.3 billion in 2011, which is attributed to low client sales. Unsold Surface sales also contributed …